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Egypt protests hit oil and markets

Reuters As unrest continues in Egypt investors’ worries send global stocks down and push up the price of crude oil to $100 a barrel. Advertisements

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In Davos, JP Morgan Chase’s Chairman and CEO says that even his own company could and should be dissolved if it failed.

  Jan. 31 (Bloomberg) — Kevin Hassett, director of economic policy studies at the American Enterprise Institute and a Bloomberg News columnist, discusses the U.S. economy and outlook for a credit downgrade. Hassett speaks from Washington with Deirdre Bolton on Bloomberg Television’s “InsideTrack.” (Source: Bloomberg)

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Urgent Steps Needed To Curb Rising Food and Other Commodity Prices, Said Experts

Senior United Nations officials today called for urgent steps to rein in the rising prices for basic farm produce, petroleum and raw industrial materials whose volatility hits the world’s poorest people the hardest. “Such volatility has huge negative impacts on vulnerable groups, such as low-income households in developing countries, for whom food expenditure can account for up to 80 per cent of household budgets,” UN Conference on Trade and Development (UNCTAD) Secretary-General Supachai Panitchpakdi told his agency’s second Global Commodities Forum in Geneva.

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Kuwaiti Dinar at 0.278 fils against US dollar

KUWAIT, Feb 1 (KUNA) — The Kuwaiti dinar dropped to 0.278 fils against the US dollar, while its rate increased against the euro, settling at 0.382 fils. The Central Bank of Kuwait (CBK) said on its website on Tuesday, that the rate of the national currency increased to 0.474 fils against the sterling pound, 0.003 … Continue reading

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